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Protecting Equity Value by Understanding Losses

Protecting Equity Value by Understanding Losses

Description

The FBI recently reported that employee theft is the fastest growing crime in America (Wehbe, 2013). When we think of ethics in business these days we often narrow our focus on fat cats and Wall Street. Some do not consider employee theft to be an ethical problem or a crime. It is both.

You will be assessed based on the following Outcome:

GEL-7.02: Apply ethical reasoning to ethical issues within the field of study.

For this assignment, you have been appointed the regional manager of a bank in charge of company assets. That company has had what it calls a “shrinkage” problem with regard to all sorts of inventory including computers, supplies, and some cash. The bank has no idea in truth how widespread the problem is. In your paper, you will discuss and describe what steps you will take to better understand and communicate the nature of this behavior and to stem losses.

Before beginning your paper, read the following:

Employee theft statistics. (2010). http://www.execupro.net/loss_prev.html

Wehbe, F. (2013). Employee theft: Corporate America’s dirty little secret. http://businessmagazinegainesville.com/employee-th…

Discuss and describe the following:

  1. What programs you would establish to communicate with the workforce the serious ethical issues involved in employee theft?
  2. What you would suggest as the consequences for this ethical breach when detected?
  3. What controls might you put in place to protect company assets and to deter employees from engaging in the unethical behavior?
  4. What steps will you take to secure employee and management “buy in” and thereby smooth the implementation process?